August 2019 Real Estate Market Update
by Zip Code for Saratoga County, NY
by Eli King Conklin for Roohan Realty | September 16, 2019 | LinkedIn
*Report includes Single Family, 2 Family & Multi-Family properties that closed between August 1-31. Excludes commercial properties, rentals & new construction. Source: GLOBALMLS
County Snapshot*
August saw 281 property transactions (-4% YoY) with a median list price of $279,900 (-2% YoY), a median sale price of $274,900 (-4% YoY) and an average of 46 days on the market (31% increase YoY). The most popular # of bedrooms was three, and the most popular square footage bracket sold was 1,500-2,000 sqft.
Winners
The overall winners in Saratoga County last month were 12020/Ballston Spa, 12866/Saratoga Springs and 12803/South Glens Falls, each ranking as a top performing zip code in two of the four categories we track (detailed below).
12019/Ballston Lake may be an area to watch as there were 26% fewer listings available year-over-year, alongside slight positive improvements in median sale price and sale-to-list price ratio – possibly indicating more demand due to lack of inventory. Ballston Lake homes sold in August did, however, stay on the market longer than those sold during August of 2018.
Number of Listings Sold
The number of listings sold indicates the level of real estate activity in a given zip code. During the month of August, Clifton Park, Saratoga Springs and Ballston Spa had the most real estate transactions close. These cities were also the top three in June and July.
Median Sale Price
The median sale price means that half of the homes sold were lower than that price, and half were higher. Homes in Rexford, Saratoga Springs and Greenfield had the highest median sale prices last month:
Days on Market
Days on Market (“DOM”) is a measure of how long a home takes to sell and helps indicate demand of an area. Homes sold in Stillwater, Edinburg and South Glens Falls had the fastest turnover last month:
Sale:List Price Ratio
The average sale to list price ratio is an indicator of whether homes in an area are selling above, at, or below their asking price. Scores above 100 mean homes sold above asking price; below 100 sold for less than list price. Homes in South Glens Falls, Ballston Lake and Ballston Spa sold closest to their asking price during the month of August:
Performance Breakdown by Zip Code
12019: Ballston Lake, Country Knolls, Charlton
Listings sold: 20 (-26% YoY)
Median sale price: $320,750 (+2% YoY)
Average # days on market: 40 (increased 43% YoY)
Sale-to-list price ratio: 98.19 / #2 of 20 (+1.07% YoY)
Featured 12019 listing:
12020: Ballston Spa, Malta
Listings sold: 35 (-15% YoY)
Median sale price: $255,000 (-1% YoY)
Average # days on market: 34 (increased 31% YoY)
Sale-to-list price ratio: 99.08 /#3 of 20 (+1.38% YoY)
Featured 12020 listing:
12027: Burnt Hills
Listings sold: 3 (-63% YoY)
Median sale price: $265,000 (-26% YoY)
Average # days on market: 62 (increased 675% YoY)
Sale-to-list price ratio: 96.54 / #11 of 20 (-3.54% YoY)
Featured 12027 listing:
12065: Clifton Park
Listings sold: 58 (-17% YoY)
Median sale price: $297,500 (+1% YoY)
Average # days on market: 33 (decreased 6% YoY)
Sale-to-list price ratio: 98.35 / #6 of 20 (-0.43% YoY)
Featured 12065 listing:
12822: Corinth
Listings sold: 7 (no change YoY)
Median sale price: $116,000 (-17% YoY)
Average # days on market: 26 (decreased 7% YoY)
Sale-to-list price ratio: 95.40 / #17 of 20 (+0.52% YoY)
Featured 12822 listing:
12074: Galway
Listings sold: 3 (no change YoY)
Median sale price: $192,000 (-12% YoY)
Average # days on market: 20 (decreased 57% YoY)
Sale-to-list price ratio: 99.06 / #4 of 20 (+13.03% YoY)
Featured 12074 listing:
12831: Gansevoort, Wilton, Kings Station, Gurn Spring, Fortsville
Listings sold: 21 (+31% YoY)
Median sale price: $269,000 (+6% YoY)
Average # days on market: 62 (increased 158% YoY)
Sale-to-list price ratio: 98.00 / #7 of 20 (-1.03% YoY)
Featured 12831 listing:
12833: Greenfield Center
Listings sold: 7 (+75% YoY)
Median sale price: $324,000 (+30% YoY)
Average # days on market: 65 (increased 141% YoY)
Sale-to-list price ratio: 96.53 / #12 of 20 (-2.80% YoY)
Featured 12833 listing:
12835: Hadley
Listings sold: 6 (-40% YoY)
Median sale price: $183,500 (-22% YoY)
Average # days on market: 36 (decreased 67% YoY)
Sale-to-list price ratio: 96.47 / #13 of 20 (-1.13% YoY)
Featured 12835 listing:
12118: Mechanicville, Maltaville
Listings sold: 17 (no change YoY)
Median sale price: $273,000 (-24% YoY)
Average # days on market: 54 (decreased 27% YoY)
Sale-to-list price ratio: 97.78 / #8 of 20 (-0.94% YoY)
Featured 12118 listing:
12850: Middle Grove
Listings sold: 6 (+100% YoY)
Median sale price: $247,500 (-23% YoY)
Average # days on market: 111 (increased 217% YoY)
Sale-to-list price ratio: 96.34 / #14 of 20 (-0.73% YoY)
Featured 12850 listing:
12859: Porter Corners
Listings sold: 3 (+50% YoY)
Sale price: $244,000 (-15% YoY)
# days on market: 40 (increased 11% YoY)
Sale-to-list price ratio: 97.50 / #10 of 20 (-2.84% YoY)
Featured 12859 listing:
12148: Rexford, Vischer Ferry
Listings sold: 10 (no change YoY)
Median sale price: $358,750 (+26% YoY)
Average # days on market: 26 (increased 4% YoY)
Sale-to-list price ratio: 97.68 / #9 of 20 (-2.25% YoY)
Featured 12148 listing:
12863: Rock City Falls
Listings sold: 0
Median sale price: N/A
Average # days on market: N/A
Sale-to-list price ratio: N/A
12151: Round Lake, Ushers
Listings sold: 0
Median sale price: N/A
Average # days on market: N/A
Sale-to-list price ratio: N/A
12866: Saratoga Springs
Listings sold: 51 (+34% YoY)
Median sale price: $356,000 (+3% YoY)
Average # days on market: 59 (increased 55% YoY)
Sale-to-list price ratio: 95.54 / #16 of 20 (-1.13% YoY)
Featured 12866 listing:
12871: Schuylerville
Listings sold: 8 (+167% YoY)
Median sale price: $166,000 (-43% YoY)
Average # days on market: 109 (increased 581% YoY)
Sale-to-list price ratio: 96.11 / #15 of 20 (-3.11% YoY)
Featured 12871 listing:
12803: South Glens Falls
Listings sold: 8 (-20% YoY)
Median sale price: $166,450 (-4% YoY)
Average # days on market: 14 (increased 56% YoY)
Sale-to-list price ratio: 99.99 / #1 of 20 (+1.10% YoY)
12170: Stillwater, Bemis Heights
Listings sold: 4 (-33% YoY)
Median sale price: $212,750 (+12% YoY)
Average # days on market: 8 (decreased 72% YoY)
Sale-to-list price ratio: 95.02 / #19 of 20 (-2.25% YoY)
Featured 12170 listing:
12884: Victory Mills
Listings sold: 0
Median sale price: N/A
Average # days on market: N/A
Sale-to-list price ratio: N/A
12188: Waterford, Halfmoon, Crescent
Listings sold: 4 (-64% YoY)
Median sale price: $264,750 (+8% YoY)
Average # days on market: 34 (decreased 6% YoY)
Sale-to-list price ratio: 98.79 / #5 of 20 (-0.05% YoY)
12134: Edinburg, Northville
Listings sold: 3 (-67% YoY)
Median sale price: $152,500 (-34% YoY)
Average # days on market: 9 (decreased 80% YoY)
Sale-to-list price ratio: 95.02 / #18 of 20 (+0.59% YoY)
Featured 12134 listing:
You might also like…
- latest blog posts
- July 2019 Real Estate Market update
- interactive maps (boating, beaches, parks, trails & more)
- Roohan Beat newsletter